2123 James Ave NMinneapolisMN55411
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2123 James Ave N, Minneapolis, MN, 55411 in Minneapolis: $2,974/mo in rent, $1,395/mo net, 14.21% gross yield, all on a $251,100 acquisition. The 2.63 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $69,374 in value, and $2,313/yr in principal paydown steadily builds equity. Projected total cumulative return: $185,151.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 4.8% |
| Monthly Cash Flow | $1,395 | $850 |
City averages based on Minneapolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,974 |
| Total Monthly Debt Service | $1,479 |
| DSCR Ratio | 2.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1909
6,139 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55411, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,733 (100%) |
| Owner Occupied HU | 4,196 (39.1%) |
| Renter Occupied HU | 5,821 (54.2%) |
| Vacant Housing Units | 716 ( 6.7%) |
| Median Home Value | $303,806 |
| Average Home Value | $380,840 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,965
Multi-Family
1,846
Businesses
668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1909
6,139 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55411, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,733 (100%) |
| Owner Occupied HU | 4,196 (39.1%) |
| Renter Occupied HU | 5,821 (54.2%) |
| Vacant Housing Units | 716 ( 6.7%) |
| Median Home Value | $303,806 |
| Average Home Value | $380,840 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
7,965
Multi-Family
1,846
Businesses
668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A